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It’s worth reminding ourselves that the mining application went in several months ago, which shows a lot of confidence from the team. The cogs are beginning to turn on this one.
I think back in November it was oiltap that did the calculations and he used very conservative figures to reach $180m if my memory serves me right. So in conclusion it could be more, much more. Time will tell. Surely the RNS s have already been carefully written and will be released in methodical order to maximise share holder value.
@Oiltap...this being the case the NPV could be over $250m !!! Now that would be awesome.....everyone has underestimated IMO....would you agree ?
Nice post Nigel.....Let the countdown begin !!!
Going back to November I think a few people worked out that the NPV was around $180M. This was calculated using very limited information. LR spoke "Intersted in any offers for the mine at discounted rates", so I was just quoting £100m as a figure I would be personally happy with. Of course more would be welcome, but I dont want to see this given away too cheaply because of cash flow issues.
Numptypi, I agree, too many variables to put accuracy on this until we have news and concrete figures to work with and a future plan.
Historically other mines have sold for far more, with approx same metal values as us.
Hopefully tommorow ? Monday will be the start of news flow, and the calculator will be working overtime to try and evaluate what we really have, and a more accurate NPV which should be contained within the SS.Then we just have to watch the SP rerate.
24 hours to go, Hopefully.
GLA
Yes thanks, I asked the question in absolutely the wrong way! I should have asked nige what that value/amount paid might be in his view.
leslieby, you would just divide the amount paid for the company by the number of shares in issue which can be found on the company website.
Nige, if that were the case, do you have any notion as to the value per share? If so, would that be a guestimate or is there a reasonable calculation to apply?
Option 3 for me.£100m will do nicely thanks
The reason I resist putting figures forward is because there are too many variables, on what basis are we valuing, also remember that the ss isn’t completely out yet, and that any deals might be part cash /part shares elsewhere...
1 going on alone but requiring cash,
2 jv as either junior partner, 50/50 or senior partner
3 sold in its entirety
Numpty
Not putting a figure on it but it's multiples of our mcap many multiples I mean 20 million would be 0.35 which I think is reasonable tbh
as things stand, I have two intentions, firstly to find out precisely the missing details of the ss, and secondly to return this investment into a positive, somewhat north of our current position, Both are expected early on Friday and both relatively modest expectations. We should also have some updates on progress, and possibly more...? After that I shall gladly reevaluate.
As it stands, I'd happily take 0.1p and anything else would (for me) be a bonus.
Care to put a figure on a:
JV?
Buyout?
I am thinking 0.5p (half a pence) on JV.
Buyout, who knows!
I honestly think it will rise steadily but sniff of a of or buyout and boom!
Once we have delisted, this week and assuming this is followed by the full SS release, with figures, what are peoples expectations?
How big of a sling shot will the sling shot be?
Interest will return in either pi or larger investors can't wait
I would have thought this would have to have been announced on AIM
@Filter....I am not here to debate or try and change your mind...and I do respect your view ...the fact remains LR has "skin" in the game and he DOES own 2.44% of EUZ.
@Filter....for the sake of clarity...what is the difference between forfeiting your salary and earning options rather than taking money and buying them ??
Should if I could
DW, are you going to average down this week before the delisting from the ASX?
Razel, I'm also well in the red, so need some good news
Your right it’s showing on the NEX @ 13:27. How the heck can that happen when I am buying on AIM!
It is probably on NEX. There are a couple of small buys at 13:14 and 13:27 - with a 10 million sell a little before.